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Sep 27, 2012 7:00am EDT
and to the economy again. >> that is debatable, tom, isn't it? some of the critics and your reports, they are going to argue this kind of austerity, the new budget everyone is expecting, is like taking a man when he is down. >> and that is the problem. the problem is unemployment. it is so high that the -- it not only means government is paying out more in unemployment benefits but also taking in less in income tax. as we heard in the report from the analyst, spain's economic problems seem to be in a vicious cycle. in that context it is very difficult for the government to sort its own finances out if it reduces what it spends into the economy by billions today and more than that over the course of this year. then of course, there is less money floating around, less people have money in their pockets to spend and more out of work. so there is the general malaise in the economy contributed to the situation in was the government and country finds itself today. >> thanks very much. thank you. let's explore this a little bit more with aaron. the spaniards are waiting, we are waiting but most important
Oct 3, 2012 7:00am EDT
. >> this is the other path. mitt romney, the businessman turned politician who is promising to turn the economy around slipped a little in the polls but it's still too close to call. >> these debates are an opportunity for each of us to describe the pathway forward to america we can choose and the people are going to have to make a choice. >> more money is being spent on this election than ever before. who wins depends on how people vote in a handful of swing states and in a few areas of those states so all the money is being spent on bombarding the undecided with tv ads and phone calls. >> this is from the obama campaign. i'm a volunteer. >> the democrats have a well-oiled campaign machine. >> we are outnumbering republicans with new voter registrations. we have volunteers in here every single day making phone calls and have a paid canvasing team and we will have a large army of volunteers on the ground when it's time to get out the vote. >> hello? >> just down the road republicans are doing exactly the same thing. a swing state, your phone always ringing. >> we always know down near las vegas that a
Sep 26, 2012 7:00am EDT
the european crisis is affecting the global economy, is affecting people's confidence, so it's more challenging for us to make a return on those investments as governments reduce interest rates effectively to zero and it's difficult to find an asset class is to invest in to make a good return. it presents a challenge for us and we're in the business of risk, helping people manage their risks. on the continent in europe, in greece, spain, people still need to manage their assets and we are there to help them. >> a bit of a silver lining at the end. >> in many countries around the world, laws about adoption are often blurred or ignored. parents desperate to have children if will pay to adopt even if the law forbids the selling of babies. our correspondent in nigeria has been looking into allegations that teenage girls are being separated from their babies even against their own will. >> motherly love for a newborn son. but the 16-year-old came desperately close to losing her child daniel. it was a traumatic fight to prevent him from being taken away at birth or adoption. she did not tell her pare
Sep 28, 2012 7:00am EDT
a credible plan to tackle the country's massive debt, a stagnant economy, record unemployment, all while being very mindful of his plunging popularity. christian is with me now from paris. so the details are coming in. what are we hearing? >> well, it's not a package that cuts as wide or deep as we've seen in italy, greece, and spain. remember, that this was a president that came to power promising to sweep away and boost growth. now they're having to do it while reassuring a very skeptical public. 10 billion euros in spending cuts today. 20 billion euros of tax rises. 10 billion of that will go onto business, and of course there is that much promised higher rate of the tax. 75% for those who earn more than a million euros. the prime minister knows he's under pressure. this is what he had to say after they presented the budget to the counsel administrators. >> it's also a budget which asks for some efforts. but this effort is fair. the middle of working classes will be spared income tax rises. 90% of taxable households will not pay more tax. this is our guarantee to the french people. on
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